, which provides an integrated framework for analysing the local determinants of inequality and growth. Five main conclusions … resulting from individual residential decisions can be quite inefficient, both from the point of view of aggregate growth and in … richer communities; thus average academic performance and income growth both fall. Yet it may still be possible for education …

income growth, wealth inequality and political participation. We predict that developing countries will tend to overinvest in …

for missing credit and insurance markets. The resulting tradeoffs for growth and efficiency are explored, both … to higher income growth than taxes and transfers, but at the cost of lower insurance. Overall efficiency is assessed …

growth. The analysis demonstrates that the interplay between technological progress and two components that determine … growth. In periods of major technological inventions the ability effect is the dominating factor. The decline in the relative … technological progress and economic growth. Once existing technologies become more accessible, however, mobility is diminished and …

growth. It demonstrates the significant role of the distribution of human capital in the process of economic development. The … evolutionary pattern of the human capital distribution, the income distribution and economic growth are determined by the interplay …

can have a positive effect on output, growth, or more generally ex-ante welfare. Aggregate efficiency gains, in turn …

Within the context of the neoclassical growth model I investigate the implications of (initial) endowment inequality …

growth. The analysis focuses on recently advanced unified growth theories that capture the intricate evolution of income per … transition from stagnation to growth and the associated phenomenon of the great divergence in income per capita across countries … has been widely viewed as one of the most significant challenges facing researchers in the field of growth and development …

viable set of competing testable hypotheses generated by existing growth theories. It argues that in contrast to the … prevailing wisdom, the traditional neo-classical growth paradigm generates the club convergence hypothesis as well as the … distribution, and fertility in conventional growth models, along with capital market imperfections, externalities, and non …

distribution and growth, as well as the relevant empirical evidence. The first model integrates the political-economy and imperfect … capital markets theories. It allows for departures from perfect democracy and embodies the trade-off between the growth costs … savings incentives and ameliorate the wealth constraints that impede investment by the poor. The second model is a growth …